A team including former General Motors Co. executive Bob Lutz and China's largest parts maker is looking to buy Fisker Automotive for $20 million, a fraction of the "green" car company's estimated worth almost a year and a half ago, Reuters reported yesterday. VL Automotive, a venture between Lutz...

LyondellBasell Industries NV's board has raised the plastics and chemicals company's quarterly dividend by 25 percent and approved the repurchase of up to 10 percent of its stock over the next 12 months, moves expected to increase shareholder return, Dow Jones Daily Bankruptcy Review reported today...

AMF Bowling Worldwide Inc. and Ahern Rentals Inc. are prime examples of the frothy market where junk-bond investors are fearless in the face of risk, as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their video. Rochelle says that more "covenant-lite"...

B456 Systems Inc., the lithium-ion battery maker which received a $249 million U.S. government grant, won court approval on Monday for its bankruptcy plan, Reuters reported yesterday. Bankruptcy Judge Kevin Carey approved the plan under which unsecured creditors of the company, formerly A123...

The bankrupt units of specialty chemicals maker RPM International Inc. may have to set aside twice as much money for asbestos-related liabilities as the company estimated, after a bankruptcy judge rejected what she called a "novel" theory from the debtor, Reuters reported yesterday. Bankruptcy...

House Financial Services Subcommittee on Oversight and Investigations will hold a hearing today at 2 p.m. ET titled “Who Is Too Big to Fail: Are Large Financial Institutions Immune from Federal Prosecution?” The witness at the hearing will be Mythili Raman, Acting Assistant Attorney General,...

Eighty-nine New York landowners who once agreed to let Norse Energy Corp. USA drill for natural gas on their property have filed a lawsuit against the struggling company, arguing that its executives have unfairly extended the life of their lease agreements using a legal clause meant for natural...

KidsPeace Corp., the owner of a nonprofit psychiatric hospital for teenagers in Pennsylvania, filed for bankruptcy, blaming government spending cuts for its financial woes, Bloomberg News reported yesterday. The company will try to use bankruptcy to reduce its bond debt to $24 million from $51.3...

Fannie Mae plans to sell $2 billion of commercial-mortgage bonds issued before the credit market seizure as it seeks to reduce holdings of illiquid assets, Bloomberg News reported yesterday. The government-controlled loan financier, which has returned to profitability after being taken over by U.S...

James Dimon tightened his grip on the nation's largest bank on Tuesday as shareholders of JPMorgan Chase & Co. overwhelmingly endorsed his dual role as chairman and chief executive, the Wall Street Journal reported today. A year after a multibillion-dollar trading fiasco tainted Dimon's...